President Trump clears way for Elon Musk to buy TikTok

New US President Donald Trump revealed the possibility that he will let billionaire Elon Musk own TikTok.

Amid the ongoing controversy over the TikTok ban in the US, a surprising development has emerged when President Donald Trump announced his willingness to let tech billionaire Elon Musk or Larry Ellison (Oracle) buy the platform. Speaking at a recent press conference, Mr. Trump affirmed: "If Elon wants to buy, I totally support it," while also hinting at the interest of Oracle co-founder Larry Ellison.

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Could TikTok Belong to Billionaire Elon Musk?

TikTok abruptly suspended operations in the United States last week, leaving millions of users confused. However, the disruption only lasted a day before the platform was back online, thanking Trump for 'rescuing' them. However, this was only temporary, as the stay of execution only lasted 75 days – enough time for the parties involved to negotiate.

Official documents have suggested that the TikTok ban is motivated by national security concerns, with concerns about the collection of data from US users by its Chinese parent company ByteDance. However, many experts believe that there are also other political and economic motives behind the decision.

With the explosive growth of TikTok, it is understandable that American technology billionaires want to own this platform. Elon Musk, who once caused a stir when he bought Twitter (now X), could completely create a new "revolution" if he owned TikTok. Meanwhile, Larry Ellison - who has a close relationship with the new President - is also considered a potential candidate, with the ambition to expand his power in the technology sector.

It is worth noting that Mr. Trump did not seem to hide his intention to "sell" TikTok to a billionaire close to him. During the press conference, he even humorously offered to sign the deal on the spot with Ellison.

Observers say that TikTok falling into the hands of an American billionaire is no longer a hypothesis but is gradually becoming a reality. Recently, Elon Musk and Mark Zuckerberg have both approached Mr. Trump, raising questions about secret deals in the technology industry.

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Agree

Micah Soto

Update 10 February 2025